U.S. stock indexes rose at 0.2%, updating past results
U.S. stock indexes rose on Tuesday, closing at the record highs the tenth time a month. Despite the unexpected reduction of the consumer confidence’s index in November, Jerome Powell gave an optimistic assessment of the US economy, and added that there is no need to raise interest rates in the near future, taking in the account the low inflation.
The results of the latest trades show us that:
– The value of the Nasdaq Composite increased by 0,18%
– Best Buy’s stock rose by 9.86% in trading. Sales and earnings beat analysts ‘ expectations, while the company also improved its annual forecast.
– Shares of Walt Disney (NYSE:DIS) rose by 1.3% and reached a record high on a report that about a million people subscribed to the company’s new streaming service, Disney+.
So, you’ll better buy the mentioned companies’ shares. Thank you.